One-glance verdict
Undervalued
$46.38 our estimate vs market $32.11
Wall Street consensus: $41.05 (-11.5% lower than our fair-value estimate)
31% below our estimate, below the bear case
Fundamentals snapshot
Vontier Corporation
VNT · NYQ · Technology · Scientific & Technical Instruments
Current price
$32.11
52-week range
$27.25 - $48.20
Market cap
$4.34B
Balance sheet
Stretched
9.39x Adequate
Net debt $1.67B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
1 Risk
3 rewards · 1 risks
- Reward Returns 28.9% on equity, ahead of 83% of its peers.
- Reward Free cash flow was positive in 8/10 years.
- Reward Trades at 13.3x P/E vs peer median 29.5x (54.8% cheaper).
- Risk Stock trades 9.3% above its 5-year average P/E.
What this company does
Vontier Corporation
Vontier provides the essential equipment that keeps transportation running, from the gas pumps and payment systems at convenience stores to the tools mechanics use to repair cars. A large portion of the company's money comes from selling and servicing this equipment for the traditional gas-powered vehicle industry. This provides a stable foundation as Vontier also invests in the growing market for electric vehicle charging hardware and software.
How the company got here
Vontier is a relatively new name on the stock market, but its businesses have been around for a long time. It was formed in 2020 when a larger industrial company called Fortive decided to spin off some of its businesses. This means Fortive created a new, separate company (Vontier) from a piece of itself, allowing Vontier to focus specifically on the technology and equipment that supports transportation and mobility. Since becoming its own company, Vontier has acquired other businesses to build its capabilities, particularly in software and payments for convenience stores, car washes, and electric vehicle charging. The company is headquartered in Raleigh, North Carolina, and its goal is to provide the essential tools and software that keep the world of transportation moving.
What it actually does
Vontier provides the behind-the-scenes technology and tools that many people interact with daily without realizing it. Think about paying for gas at the pump, getting your car washed, or having your vehicle repaired; Vontier makes the equipment and software that power these activities. They sell everything from fuel dispensers and payment systems at convenience stores to diagnostic tools for auto mechanics and software that helps manage fleets of trucks. The company aims to be a one-stop shop for businesses involved in moving people and goods, offering both the physical hardware and the smart software needed to run their operations efficiently.
Mobility Technologies
This is Vontier's largest and fastest-growing business area, focused on the software and digital equipment used in the transportation ecosystem. This segment provides point-of-sale systems (the cash registers and card readers at checkout) and payment technology for gas stations and convenience stores. It also includes software for car wash operators to manage their business and software that helps manage electric vehicle (EV) charging networks. Essentially, this part of the company helps retailers and fleet operators manage their sites, process payments, and adapt to new technologies like EVs.
Environmental & Fueling Solutions
This segment contains one of Vontier's most well-known brands, Gilbarco Veeder-Root, which makes the gas pumps you see at fueling stations. Beyond just the dispensers, this business provides critical infrastructure for handling fuel safely and efficiently. This includes systems that monitor underground fuel tanks for leaks to protect the environment and equipment that helps manage fuel inventory. This part of the company serves the foundational needs of retail and commercial fueling businesses around the world.
Repair Solutions
This part of the company, primarily through its Matco Tools brand, provides professional-grade tools and equipment to auto mechanics. Instead of selling through traditional stores, Matco uses a network of franchisees who operate mobile tool trucks that go directly to auto repair shops. They sell everything from wrenches and toolboxes to complex automotive diagnostic equipment that helps technicians figure out what's wrong with a vehicle. This business serves the needs of the professionals who keep cars and trucks running.
What management is betting on now
Vontier's leadership is focused on transforming the company from a hardware-focused industrial manufacturer to a more software-driven technology company. They are heavily investing in solutions that connect different pieces of the mobility ecosystem, such as integrated payment systems that work at the pump, in the store, and at the car wash. The company is also placing a big bet on the future of transportation by expanding into software for managing electric vehicle charging and supporting alternative fuels. The main idea is to provide the essential, connected technology that their customers need as the worlds of fueling, convenience retail, and vehicle technology continue to evolve.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$148.00M
FY2025 Q1
$92.70M
FY2025 Q2
$83.30M
FY2025 Q3
$90.30M
FY2025 Q4
$174.80M
FY2026 Q2
$24.80M
FY2026 Q3
$94.90M
Revenue
$756.70M
Net income
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Diluted EPS
0.20
Operating cash flow
$116.30M
Free cash flow
$94.90M
Fetching…
Sources
Revenue
$750.60M
Net income
—
Diluted EPS
0.66
Operating cash flow
$46.50M
Free cash flow
$24.80M
Fetching…
Sources
Revenue
$808.50M
Net income
—
Diluted EPS
0.85
Operating cash flow
$190.10M
Free cash flow
$174.80M
Fetching…
Sources
Revenue
$752.50M
Net income
—
Diluted EPS
0.70
Operating cash flow
$110.50M
Free cash flow
$90.30M
Fetching…
Sources
Revenue
$773.50M
Net income
—
Diluted EPS
0.62
Operating cash flow
$100.00M
Free cash flow
$83.30M
Fetching…
Sources
Revenue
$741.10M
Net income
—
Diluted EPS
0.59
Operating cash flow
$110.40M
Free cash flow
$92.70M
Fetching…
Sources
Revenue
$776.80M
Net income
—
Diluted EPS
0.82
Operating cash flow
$168.10M
Free cash flow
$148.00M
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Sources
Is it cheap or expensive?
Fair value $46.38 vs current price $32.11
Wall Street consensus is the average analyst price target: $41.05 (-11.5% lower than our fair-value estimate).
Our most-likely fair value is $46.38 a share — about 44.4% above today's price of $32.11, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Stretched
Net debt $1.7B. Interest coverage 9.4x.
Net debt
$1.67B
Interest coverage
9.39x
Vontier Corporation's profit covers its interest bill about 9.4 times over. which is stronger than most peers shown here.
Stretched
Worse cushion
Baseline
Better cushion
VNT
BASELINE
Vontier Corporation
Total debt $1.93B Interest coverage 9.39x This is the baseline the peer rows are being compared against.
Total debt $3.60B Interest coverage 5.98x -36% vs VNT Carries about 1.6x less debt cushion than VNT.
Total debt $3.26B Interest coverage 12.51x +33% vs VNT Carries about 1.3x more debt cushion than VNT.
Total debt $1.89B Interest coverage 11.18x +19% vs VNT Carries about 1.2x more debt cushion than VNT.
Total debt $11.32B Interest coverage 6.88x -27% vs VNT Carries about 1.4x less debt cushion than VNT.
Total debt $23.48M Interest coverage 35.80x +281% vs VNT Carries about 3.8x more debt cushion than VNT.
What you should know
The case for and against VNT
3 Rewards
1 Risk
Rewards
-
Returns 28.9% on equity, ahead of 83% of its peers.
-
Free cash flow was positive in 8/10 years.
-
Trades at 13.3x P/E vs peer median 29.5x (54.8% cheaper).
Risks
-
Stock trades 9.3% above its 5-year average P/E.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
13.32x
Forward P/E
8.43x
P/B
3.59x
P/S
1.41x
EV/EBITDA
8.60x
PEG ratio
0.79x
Profitability
How much profit each dollar creates
Gross margin
47.2%
Operating margin
19.4%
Net margin
11.3%
ROE
28.9%
ROA
8.6%
Health
Liquidity and balance-sheet strength
Debt / equity
1.61x
Current ratio
1.25x
Quick ratio
0.81x
Total debt
$1.93B
Total cash
$265.80M
Growth
How the business has been compounding
Revenue TTM
$3.07B
Revenue 5Y CAGR
0.7%
EPS TTM
2.41
EPS 5Y CAGR
3.5%
Cash flow
How much cash the business throws off
Operating CF TTM
$463.40M
Free CF TTM
$441.10M
FCF margin
14.4%
Dividend
Shareholder payout
Yield
0.3%
Payout ratio
4.2%
Last ex-div date
2026-09-03